Report
Gareth James
EUR 147.86 For Business Accounts Only

Superpartners Synergies to Drive Strong Profit Growth for Link in Fiscal 2017

We expect Link to deliver a 19% increase in underlying net profit after tax in fiscal 2017 driven by synergies from the 2014 acquisition of Superpartners. We don't explicitly forecast interim financial results, however, we expect only a small second-half earnings skew in fiscal 2017. Following a change of analyst and comprehensive review of our investment thesis and financial model, we maintain our AUD 7.50 fair value estimate. At the current market price of AUD 7.62, we consider the shares to b...
Underlying
Link Administration Holdings Ltd.

Link Administration Holdings provides technology-enabled outsourced administration services to companies, asset owners, and trustees in Australia. Co. operates through Fund Administration, Corporate Markets, and Information, Digital, and Data Services segment. The Fund Administration segment provides administration services to superannuation funds; Corporate Markets offers a comprehensive and integrated corporate market offering that connects issuers with their stakeholders; and Information, Digital, and Data Services provides core services of development and maintenance of proprietary IT systems and platforms.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Gareth James

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